Ford follows Tesla with price cut on Mustang Mach-E SUV
Ford has slashed the price of its Mustang Mach E electric SUV by up to $6,000 just weeks after market leader Tesla took similar action. The Detroit automaker said Monday it is ramping up production of the Mach-E this year and is taking advantage of streamlined costs to bring down prices across the board. The […]
Hot Stocks: BABA falls; F price cut sends EVs lower; CNVA surges; GBCI hits 52-week low – Seeking Alpha
After last week’s gains, shares fell on Monday as investors posted gains.The slide came ahead of a busy week that included the Federal Reserve’s interest rate decision and a flood of high-profile earnings reports. about 2%. The decline included a series of profit-taking sales in the EV sector. Price cut from Ford (debt) boosted sales […]
BlackRock plans to cut 500 workers after last year's market downturn – Yahoo Finance
black rock (black), the world’s largest asset manager, will lay off about 500 employees (about 3% of its workforce). According to an internal email confirmed by Yahoo Finance. The investment giant joins a growing number of Wall Street firms cutting jobs after last year’s market crash. Corporate America ramps up hiring freezes and job cuts. […]
World Bank makes big cut to its 2023 growth outlook, says globe is 'perilously close' to recession – CNBC
The World Bank has downgraded its global growth forecast from its forecast for mid-2022 on the back of what it sees as a general deterioration in economic conditions. International development agencies have downgraded nearly all of their forecasts for the world’s developed economies, cutting their 2023 global economic growth forecast to 1.7%, according to a […]